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Japanesecandlestickanalysis

THREE BLACK CROWS appear on the S&P500In the weekly frame on the S&P500 index, there is a pattern called three black crows and it is a bearish pattern that will lead to a downward move in the upcoming weeks. in July and August 2023, the same pattern happened and the market rebounded for two weeks then the downward move began to make the index retrace about 9% As we can see on the chart the index stopped at the Fibonacci support level in August and last week also, so we expect the rebound will be to the 5208 points level and a new correction will begin.
SP:SPXShort
by IsmailAbdulMeguid
Bullish Engulfing PatternsThe bullish engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. This pattern appears in a downtrend and is a combination of one red candle followed by a larger green candle. On the second day of the pattern, the price opens lower than the previous low, yet buying pressure pushes the price up to a higher level than the previous high, culminating in an obvious win for the buyers.
FOREXCOM:XAUUSDEducation
by Tradewithmoe
1
The Power of DojiA Doji is created when the open and close for a price are virtually the same. Doji tend to look like a cross or plus sign and have small or nonexistent bodies. From an auction theory perspective, Doji represent indecision on the side of both buyers and sellers. Everyone is equally matched, so the price goes nowhere; buyers and sellers are in a standoff. When it comes in a downtrend it act as a reversal pattern so we know that the bears power is weak, and bulls start to take control thus the price will go up and the trend will be up , when it comes in an uptrend the bull power is weak , bears starts to take control and price will eventually go down . But in technical analysis you cant enter a trade only from one sign so you should know you Support and Resistance area, draw your trend lines, use some indicators, and when you see the Doji know you know its the perfect time to execute the trade.
Education
by Tradewithmoe
BTC H4 - TRADING IN THE ZONE - AT A GLANCEH4 : As mentioned many times, the Mid Bollinger Band (MBB) worked perfectly well, as "THE" leading indicator. Important to also note that the uptrend support line (on a closing basis) also helped to confirm the ongoing uptrend in place. In order to "play" the countertrend in a strategic BULL market, you ABSOLUTELY need to monitor very carefully intraday time frames H1, M15 and even some times M5, which will avoid frustration in missing very short term countertrend exit trades. Look also very carefully at the candlesticks patterns development and not only one but at least 2 or 3 for confirmation of price action ! And last but not least my favorite : Ichimoku :-) Have a great and nice weekend. Take care All the best. And "May your long goes up and your short goes down" :-)
BITSTAMP:BTCUSD
by Ironman8848
SPX"s Japanese candlestick trading signals since inception 1957Hey Traders , what's up. I know that there is allot of data, i hate that as every one else does. But, if you want to keep it simple just study, analyze and write down the Red & Green boxes they should sum up most of the study. I have included all the data here . So feel free to redo, redistribute, reuse or shar it here or outside of tradingview with anyone even with out mentioning the source. from me to humanity whom are trading SPX : - ). Moreover, If anything that this data is telling us in a very short English terms "Do not chase tops on monthly candles !!! " . Also, some monthly candles could be treated as bullish data suggesting that !!! what's up with that!!! no Golden rule for these candles. wish you all the best. ----------------------------------------------------------------- 1/ Bearish Spinning Top Black 21 times : since Dec, 1961 Just looks like Evening star !!! Reds i'll treat them like bearish signals just for the record : - ) -------------------------------------------------------- profit Opportunity cost zero 300% 54 zero 6.40 zero zero 340 % 17.33 zero zero 17.18 zero 7.95 zero 34.49 % zero 19.98% 22.11 zero 10.31 zero zero 5.56% 3.61 zero 37.19 zero zero 8.21 9.48 zero zero 4.92 8.70 zero zero 28.87% 28.23 zero *********************************************************************************** Long Upper Shadow 15 times: since Nov, 1950 --------------------------------------------------------- Profit Opportunity Cost 31.80 zero zero 16.10 zero 6.28 zero 4.8 Zero 23.55 Zero 145 Zero 69.85 21.39 zero 28.49 zero 2.97 zero zero 22.31 zero 9.51 3.70 zero 2.30 zero zero 11.62 *********************************************************************** Hanging Man 8 times: Since Nov, 1951 ------------------------------------------------------- Profit Opportunity Cost 18.62 Zero 2.11 Zero Zero 3.83 Zero 6.29 Zero 12.98 Zero 17.11 Zero 49.01 Zero 16.22 ********************************************************************** Engulfing 15 signals: since Feb, 1952 -------------------------------------------- Profit Opportunity Cost Zero 23.33% Zero 17.77 13.47 zero 11.46 zero zero 13.36 4 zero zero 57 zero 27.77 zero 81.35 Zero 124.44 6.06 zero 20.76 Zero Zero 12.67 5.95 Zero Zero 14.01 ************************************************************* Marubozu Black 5 times ! : Since Apr, 1952 -------------------------------------------- profite opportunity cost zero 23.31 zero 62.06 8.11 zero zero 112 zero 15% ************************************************************ Tweezer Top 13 times : since April, 1956 ---------------------------------------------------- Profit Opportunity cost 12.36 zero 4.25 zero 3.81 zero zero 60.73 zero 34.73 zero 7.47 4.16 zero zero 14.45 zero 47.07 9.41 zero 15.14 zero 7.04 zero 12.38 zero ************************************************************* ******************************************************************************************************************************** 2/Bullish. Long Lower Shadow-Bull 27 times : since Jul,1950 ----------------------------------------------------- Profit Cost 37.20 8.53 8.28 49.59 3.38 22.42 20.42 zero 46.23 273.66 37.93 60.27 zero 8.84 40.87 zero zero 36.73 zero 33.39 3.72 19.43 3.83 6.62 6.29 14.01 4.61 25.32 18.08 2.53 8.62 44.87 ****************************************************** Marubozu White -Bull 26 times : Since Sep, 1950 -------------------------------------------------------- profit cost zero 4.60 21.45 12.15 71.55 36.09 2.3 4.15 46.07 19.25 5.86 9.08 4.01 21.27 3.85 zero 14.17 11.21 3.25 11.88 5.79 8.35 3.90 2.36 zero 4.92 3.74 2.45 3.36 ************************************************************ Spinning Top White19 times : since March 1950 Just looks like Evening star !!! Whites i'll treat them like Bullish signals just for the record : - ) --------------------------------------------------------- Profit opportunity cost zero 19% 14.20 zero 86.64 zero 29.22 zero 44.90 zero zero 31.81 8.06 zero zero 9.45 6.35 zero 17.18 zero 24.60 zero zero 4.01 10.78 zero zero 3.35 12.22 zero zero 4.94 zero 4.94 47.61 zero 13.65 zero -------------------------------------------- Summery: 63% bullish *********************************************************************************** Rising Window 21 times: Since May, 1950 -------------------------------------------------------- Profit Cost 2.51 8.04 11.22 6.11 1.85 zero 3.90 zero 8.29 12.83 13.72 26.85 3.85 3.85 zero 9.03 6.25 54.19 3.62 zero 4.28 zero 3.50 zero 11.18 ******************************************* Long Lower Shadow-Bull is actually a Doji 52-53-54- Or inverted hammer 63-86-88!!!! I might be wrong or tradingview is wrong or something else is wrong!!! **************************************************
SP:SPX
by samitrading
2
No, No, The Monthly Is not a Shooting Star Candlestick.I have heard too many people incorrectly state that these two monthly candlesticks are shooting stars; when, in fact, they are not shooting stars. In order to clarify this confusion, it is important to properly define what a shooting star candlestick is and its counterparts because the shooting star is actually a special case of the inverted hammer. The shooting star is a candle stick with a small real body and a large upper shadow (wick) and either no lower shadow or a small lower shadow. Since we now know what shooting stars look like, we must learn what makes them a shooting star, and here is the criteria: 1.) It has a higher high than the previous candles, 2.) It has higher volume than the average volume of surrounding candles (This may not always be the case), 3.) There was an uptrend. When we look at the chart presented above, we can see that the two monthly candlesticks of July and August do occur after an uptrend, however, they do not hit higher price points nor do they have higher volume than preceding candlesticks. In addition, the month of July does not exhibit a small lower shadow and the body is of questionable size. However the month of August does exhibit the appearance of a shooting star, but it does not have a higher high than any of the preceding candles. Finally, the shooting star does not always mean a bearish reversal, it needs to be combined with a multitude of other factors for this event to occur. It is highly possible that the shooting star is a signal for trendless-ness rather than a price retracement. What I have does with this chart and what it means: In magenta, I have denoted the center of the large bullish candlestick and the highest and lowest price. In light blue, I have denoted the center of the body and the lowest and highest price of the body. In candlestick analysis, the median (center) price of the candle stick is an important point to hold and it can be seen that it mostly acted as support. Since the bodies of July and August are all within the body of June and above its median price it highly probable that this is a consolidation, however, consolidations do fail, but currently there is no sign of this failing on the monthly time frame. **Shooting Stars will be posted in the updates for reference.**
BITFINEX:BTCUSD
by CuddlyCuddles
4
Bitcoin: Did it top? Or will it Continue?In my previous analysis, I mentioned that there was a parabolic pattern, in addition to mentioning the price objective of it as well as other things. Well, bitcoin was shy of the price objective by approximately 1000 USD. I would say that the analysis went surprisingly well, however, I would also say that this overestimation of the price objective was due to the over estimation of the 3rd Base. That is understandable, it did however wick into my price range in that chart, despite not hitting its price objective. The Current situation: Currently, it is retesting, the upper trendline of the broadening wedge which can be seen in purple within the yellow circle/oval, a successful hold at this level would likely mean that this will continue its parabolic move, however, failure at this level would mean that the parabolic move has hit maturity and passed. I currently am expecting a retest of the supply line seen in red (its possible this may not occur as well). In this analysis, I will be covering the current move in the Chart and I'd like to mention that it is extremely probable that this is a top: 1.) Generally, parabolic moves end with a ~60% retracement of the move, historically speaking, bitcoin sees a ~70% retracements of parabolic moves. However, the odds are currently against a retracement of this magnitude, and I am expecting to see an approximate ~40% retracement to ~8000-7500 as there is major support seen within that region, (The Major supports are boxed in green with the stronger point of support being more opaque and with a bolded horizontal line). (A retracement of 60% should not be out of the question). 2.) The supply line of the parabolic move can be seen in red, from that supply line, it can be seen that there were two touches and a hypodermic top thrusting through the supply line at the peak of the parabolic move. It can be noted that there was no true secondary test and the attempt to return to the price level of 13500 was underwhelming. Given the time frame of this parabolic, the retest should have happened already. After bitcoin was rejected at 14000, re-entered the supply line which only provided an insignificant amount of support again showing weakness. 3.) Another reason why this is probably the top is, time frame, people were calling this a bull market far too early, as the previous bull market had a very long base which lasted several months, and lead to a parabolic move over a 2 year span. This one occurred only in the daily, and had bearish signs of distribution. However, it is still possible to be in a bull market, first, a higher low must be established at least to determine whether we are in a trendless market or beginning a bull market. 4.) Another bearish Note is that this is overall a V top which occurred in high volume. 5.) The weekly candle shows a shooting star currently, which hasn't closed but shows sign of resistance ahead, whether or not there are bearish implications, this candle stick needs to become a bearish engulfing or the shooting star needs to be confirmed by the next weekly candle. In addition, there is currently a failure swing on the weekly, (dependent upon how this week ends will determine whether that failure swing prints on the RSI). Previous Analyses:
COINBASE:BTCUSD
by CuddlyCuddles
Bitcoin URGENT! Part 2 of previous analysisWith this new information, I am as bullish as I can be right now. So, I was looking for more solid evidence that bitcoin is prime for a huge explosion, and I found some really good evidence on the monthly time frame using Japanese candlestick analysis. In the first part of this analysis I spoke mostly of the RSI and how the Weekly RSI is exhibiting failure swings, I also explained that those are failure swings because the RSI is hitting a higher low for each candle that closes below the previous one, and I also explained that the calculation of the RSI uses the candle's closing prices rather than their respective highs and lows. Part 2: 1.) There is a bullish engulfing pattern (a candle stick that contains the prior candle stick in its whole body) that occurred recently in yellow, and that is enough at the moment to say that the last bear run was over and it is enough for me to say that there is a new bull run. This give me the foundation to say that there is a rising three methods, which can be seen in light blue, because the rising three methods is a continuation pattern, and it is defined by having multiple candle sticks within the body of the first candle stick. Ideally, there would be three candle sticks occurring in the much larger body. So, the first candle stick has a long body, the candle sticks in between it fits within the large bodied candle, and the resistance of a rising three method is the bottom of the first, and since this is a continuation pattern, I am claiming that this is a continuation from the move to 8000 in summer. *If This is a rising three methods, there will be an enormous bull rally, one equivalent or greater than the initial candle stick.* 2.) This is also a possible tower bottom, because the candles have gotten significantly smaller in comparison to the candle sticks prior and as the price has gotten lower. Previous Analysis:
COINBASE:BTCUSD
by CuddlyCuddles